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Inside This Issue - News
The ranks of publicly owned mass market retailers may soon be reduced by two. In recent weeks both BJ’s Wholesale Club Inc. and Big Lots Inc., have seen their stock prices surge on reports that their managements are exploring possible sales of the companies. The weather outside was frightful, but sales inside were — if not delightful — encouraging. Whole Foods Market Inc. raised its full-year earnings guidance after reporting strong results for its first fiscal quarter. Metro AG, Germany’s largest retailer, is looking primarily to China and India for growth over the next five years. “Eat well, live well” is the core philosophy that underlies Wegmans Food Markets Inc.’s health and wellness strategy. Supermarket operators have done a good job of using their stores’ perimeter departments to generate excitement and build traffic. An advocacy group is backing a lawsuit filed by two consumers against Safeway Inc., charging that the retailer should have used its loyalty card information to contact them when products they bought were recalled.
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